Can I Use Credit Card To Pay For Finance Visa Various Functions of a Credit Card

You are searching about Can I Use Credit Card To Pay For Finance Visa, today we will share with you article about Can I Use Credit Card To Pay For Finance Visa was compiled and edited by our team from many sources on the internet. Hope this article on the topic Can I Use Credit Card To Pay For Finance Visa is useful to you.

Various Functions of a Credit Card

Today, credit cards have many functions and are very versatile. They can be summarized into the following functions:

Credit

The holder may obtain extended credit up to an agreed limit at a published interest rate.

Charge

The holder can repay the whole amount at the end of the month, without charge provided no cash advance has been taken.

Cash

On presentation at the appropriate banks, subject to check, cash can be obtained. In most cases can also be used in ATMs to obtain cash.

Cheque guarantee

A cheque drawn on a bank may be guaranteed up to a published limit provided it is accompanied by a Cheque Guarantee Card (or in some cases a Visa or Mastercard card) issued by the bank on which it is drawn.

Cheque encashment

Cheque guaranteed as above may be used to obtain cash from branches of most banks, although a charge may be levied in certain circumstances.

International

If the card is a member of Visa International or Mastercard International, you can use your card at many countries where there are a lot banks who are members of them.

Perhaps the most significant fact to emerge from the summary of card functions is that strictly speaking, they are not debit cards. Although they can be used to obtain cash via ATM, the debit will be made from the credit card account and not from the holder’s bank account.

The credit cards discussed above are bank cards. Different bank cards have different card functions. The functions of bank cards really depend on the individual bank itself. Some bank card may have all of the above functions and some may not.

There other credit cards that are issued by retail stores such as Petrol Card, Quasi Card and Private Label Card which may have some of the above functions mentioned above.

Video about Can I Use Credit Card To Pay For Finance Visa

You can see more content about Can I Use Credit Card To Pay For Finance Visa on our youtube channel: Click Here

Question about Can I Use Credit Card To Pay For Finance Visa

If you have any questions about Can I Use Credit Card To Pay For Finance Visa, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Can I Use Credit Card To Pay For Finance Visa was compiled by me and my team from many sources. If you find the article Can I Use Credit Card To Pay For Finance Visa helpful to you, please support the team Like or Share!

Rate Articles Can I Use Credit Card To Pay For Finance Visa

Rate: 4-5 stars
Ratings: 6453
Views: 6280949 3

Search keywords Can I Use Credit Card To Pay For Finance Visa

Can I Use Credit Card To Pay For Finance Visa
way Can I Use Credit Card To Pay For Finance Visa
tutorial Can I Use Credit Card To Pay For Finance Visa
Can I Use Credit Card To Pay For Finance Visa free
#Functions #Credit #Card

Source: https://ezinearticles.com/?Various-Functions-of-a-Credit-Card&id=3268360

Related Posts

default-image-feature

Can I Use An Apple Phone Financed By Someone Else When Being "Disruptive" is a Good Thing

You are searching about Can I Use An Apple Phone Financed By Someone Else, today we will share with you article about Can I Use An Apple…

default-image-feature

Can I Use Amazon Financing Store Card On Multiple Items Amazon Rewards Card: My Review

You are searching about Can I Use Amazon Financing Store Card On Multiple Items, today we will share with you article about Can I Use Amazon Financing…

default-image-feature

Can I Use A Loan To Pay Off Car Finance Title Loans – Get Cash For Emergencies With a Legitimate Loan

You are searching about Can I Use A Loan To Pay Off Car Finance, today we will share with you article about Can I Use A Loan…

default-image-feature

Can I Use A Car On Finance As A Taxi The High-Performing Government Agency: Using A Marketing Mindset In The Public Sector

You are searching about Can I Use A Car On Finance As A Taxi, today we will share with you article about Can I Use A Car…

default-image-feature

Can I Use A Business Credit Card For Startup Financing Various Types Of Loans Available For Business Startups

You are searching about Can I Use A Business Credit Card For Startup Financing, today we will share with you article about Can I Use A Business…

default-image-feature

Can I Use 12 Months Financing On Two Things Amazon How to Create a Passive Income Today That Provides Incredible Financial Freedom For Tomorrow

You are searching about Can I Use 12 Months Financing On Two Things Amazon, today we will share with you article about Can I Use 12 Months…